119-hr2524

[Congressional Bills 119th Congress]
[From the U.S. Government Publishing Office]
[H.R. 2524 Introduced in House

    (IH) ]

<DOC>

119th CONGRESS
 1st Session
 H. R. 2524

 To amend the Congressional Budget and Impoundment Control Act of 1974 
 to provide that Congress may request estimates of legislation from 
reputable accounting firms for purposes of budget enforcement, and for 
 other purposes.

_______________________________________________________________________

 IN THE HOUSE OF REPRESENTATIVES

 March 31, 2025

Ms. Tenney (for herself and Mr. Collins) introduced the following bill; 
 which was referred to the Committee on Rules, and in addition to the 
Committee on the Budget, for a period to be subsequently determined by 
the Speaker, in each case for consideration of such provisions as fall 
 within the jurisdiction of the committee concerned

_______________________________________________________________________

 A BILL

 To amend the Congressional Budget and Impoundment Control Act of 1974 
 to provide that Congress may request estimates of legislation from 
reputable accounting firms for purposes of budget enforcement, and for 
 other purposes.

 Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

 This Act may be cited as the ``Replacing Exploitative Partisan 
Estimates with Alternatives by Liquidating Congressional Budget Office 
Requirements'' or the ``REPEAL CBO Requirements Act''.

SEC. 2. BUDGET ESTIMATES BY REPUTABLE ACCOUNTING FIRMS.

    (a) In General.--

Section 402 of the Congressional Budget and 
Impoundment Control Act of 1985 (2 U.S.C. 653) is amended--

    (1) by striking ``The Director'' and inserting ``

    (a) in 
 general.--The Director''; and

    (2) by adding at the end the following:
 ``

    (b) Estimate by accounting firms.--
 ``
        (A) In general.--Notwithstanding any other 
 provision of law, the chair of any committee of the 
 House of Representatives or the Senate (except the 
 Committee on Appropriations of each House) may, instead 
 of an estimate under subsection

    (a) , obtain an estimate 
 for any bill or resolution of a public character 
 reported by such committee from a private reputable 
 accounting firm.
 ``
        (B) Application.--
 ``
            (i) In general.--Any estimate obtained 
 under subparagraph
        (A) shall be used in lieu of 
 an estimate prepared by the Congressional 
 Budget Office under subsection

    (a) for budget 
 enforcement with respect to the applicable bill 
 or joint resolution, including for purposes of 
 this Act, the Balanced Budget and Emergency 
 Deficit Control Act of 1985, the Statutory Pay-
 As-You-Go Act of 2010, any concurrent 
 resolution on the budget, the Rules of the 
 House of Representatives, and the Standing 
 Rules of the Senate (including for purposes of 
 reconciliation).
 ``
            (ii) CBO estimate not required.--If an 
 estimate is obtained under subparagraph
        (A) , 
 then the Office shall not prepare an estimate 
 for the applicable measure under subsection

    (a) .
 ``
            (C) Definition of private reputable accounting 
 firm.--In this subsection, the term `private reputable 
 accounting firm' means any of the ten public accounting 
 firms registered with the Public Company Accounting 
 Oversight Board with the largest net revenue during the 
 previous year.''.

    (b) Conforming Amendment.--

Section 312

    (a) of such Act is amended by 
adding at the end the following: ``The estimates by a private reputable 
accounting firm under 

section 402

    (b) may be used by either such 
Committee for purposes of carrying out this subsection.''.
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